16:30:21 EST Sat 16 Nov 2019
Enter Symbol
or Name

Sama Resources Inc
Symbol SME
Shares Issued 191,341,410
Close 2019-06-04 C$ 0.28
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Sama drills 13.4 m of 0.76% Ni, 0.47% Cu at Yepleu

2019-06-04 07:28 ET - News Release

Dr. Marc-Antoine Audet reports


Sama Resources Inc. and HPX TechCo Inc., a subsidiary of High Power Exploration Inc., a private mineral exploration company in which mining entrepreneur Robert Friedland is a significant stakeholder, have released mineralized intervals from the second and third deep holes (YE29-553044 and YE22-225440; see press release of April 23, 2019) at the Yepleu nickel-copper-cobalt-palladium project in Ivory Coast. YE29-553044 returned 13.4 metres (m) of disseminated and semi-massive sulphides grading 0.76 per cent nickel, 0.47 per cent copper, 0.16 gram per tonne (g/t) palladium (Pd) within a larger interval of 36 m of disseminated sulphide mineralization grading 0.40 per cent nickel, 0.24 per cent copper and 0.10 g/t Pd. Hole YE22-225440 returned 13.4 m grading 0.40 per cent Ni, 0.29 per cent Cu and 0.10 g/t Pd including 1.7 m at 1.80 per cent Ni, 0.57 per cent Cu and 0.28 g/t Pd.

Sama and HPX are also very pleased to announce that Jean-Claude Kouassi, Ivory Coast's Minister of Mines and Geology, and Abdallah Albert Toikeusse Mabri, Minister for Higher Education and Scientific Innovation, recently visited the Yepleu project. Sama is exploring the Yepleu project through a strategic partnership with HPX, utilizing HPX's Typhoon electromagnetic geophysical survey technology.

The ministers were shown Typhoon in operation, as well as drill core from the nickel-copper-palladium mineralization discovered 550 metres below the surface in drill hole YE22-225440 following interpretation of the phase 1 Typhoon survey in 2018.

"We are pleased to host ministers Kouassi and Mabri at our project. Minister Mabri is also the government representative of Region du Tonkpi, the region in which we operate, so it was important that both ministers came away very impressed by the technical innovations that Sama and HPX have introduced in Cote d'Ivoire," said Dr. Marc-Antoine Audet, president and chief executive officer of Sama Resources.

Dr. Audet added: "The ministers now are well aware that in addition to established open-pit gold mines, Cote d'Ivoire has the potential for nickel-copper-cobalt-palladium deposits both at the surface and at depth within Sama's newly discovered Yacouba layered complex. We look forward to continuing our relationship with the government as we advance our exploration efforts with our strategic partner HPX."

Eric Finlayson, president of HPX, said: "Following the excellent correlation between the Typhoon electromagnetic targets and mineralization found in subsequent drilling, we are very pleased to see Typhoon used for high-resolution downhole electromagnetic work. This is the first time that Typhoon has been used in downhole mode, and we are confident that its power and high signal quality will continue to define new targets for drill testing."

About Sama Resources Inc.

Sama is a Canada-based mineral exploration and development company with projects in West Africa. On Oct. 23, 2017, Sama announced that it had entered into a binding term sheet in view of forming a strategic partnership with HPX TechCo Inc., a private mineral exploration company in which mining entrepreneur Robert Friedland is a significant stakeholder, in order to develop its Cote d'Ivoire nickel-copper and cobalt project in Ivory Coast, West Africa.

The technical information in this release has been reviewed and approved by Dr. Audet, a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

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